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    India–Afghanistan Joint Working Group on Trade Holds Virtual Meeting; Reviews Measures to Strengthen Bilateral Trade and Economic Cooperation
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    Japan's JCR upgrades India's sovereign rating to 'A-', cites solid growth, improved financial system
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September 2, 2026
Show AI Summary
Trade facilitation and customs cooperation drive follow-up action on connectivity, regulatory coordination, investment promotion and bilateral commercial engagement.
India-Afghanistan bilateral trade and economic cooperation is being advanced through institutional engagement on trade facilitation, customs cooperation, connectivity, investment and commercial exchange. Priority areas include customs and data-sharing cooperation, visa facilitation for traders, banking and financial cooperation, pharmaceutical and agricultural trade, energy cooperation, tariff concessions, cargo connectivity and port-related matters. Follow-up action covers regulatory cooperation, improved connectivity, investment promotion and business-to-business engagement.
September 2, 2026
Show AI Summary
Residential rooftop solar subsidy requires eligibility, prior approval, registered installation, net metering, commissioning, and verified bank details for direct transfer.
PM Surya Ghar Muft Bijli Yojana provides central financial assistance for eligible grid-connected residential rooftop solar systems, capped at Rs. 78,000 for systems of three kilowatts or more. Applicants must be Indian citizens who own a suitable house, hold a valid electricity connection, and have not received an earlier solar-panel subsidy. Applications require portal registration, distribution-company feasibility approval, installation through a registered vendor, net metering, inspection, commissioning and submission of bank details. Assistance is transferred directly after verification. State-specific net-metering procedures, approvals and additional incentives may apply.
September 2, 2026
Show AI Summary
Sovereign credit rating upgrade reflects solid growth, stronger financial systems, and improving fiscal and external resilience.
JCR upgrades India's foreign-currency and local-currency long-term issuer ratings to A- with a stable outlook, citing sustained economic growth, productivity-oriented policies and improved financial-system soundness. Fiscal constraints include elevated deficits, intergovernmental fiscal transfers, electoral-cycle sensitivity, and high combined government debt and interest burdens. Greater emphasis on infrastructure capital expenditure has improved the quality of fiscal spending. External resilience is supported by a contained current account deficit, services surplus and foreign-exchange reserves exceeding short-term external debt.
September 2, 2026
Show AI Summary
Personal insolvency bench constitution and repayment-plan eligibility remain contested where a larger tribunal bench stays a third-member order.
Personal insolvency proceedings raised a challenge to the National Company Law Tribunal's authority to constitute a five-member bench after a split verdict. The challenge contended that the mechanism for differing views permits reference to another member or members, but does not authorise a five-member bench. The larger bench stayed the third member's order, restricted asset alienation, and suspended an order permitting settlement of personal-guarantee claims. The dispute concerned the validity of that bench, the split-verdict reference procedure, repayment-plan eligibility, and pending creditor appeals.
September 2, 2026
Show AI Summary
Digital lending app verification enables borrowers to identify regulated lenders, grievance channels, and warning signs before accepting loans.
GoCredit's Loan App Checker allows borrowers to search lending apps against the public Digital Lending App directory and identify the regulated lender, grievance contact and RBI Ombudsman escalation route where a match exists. Regulatory reporting by regulated entities enables app-level verification, while borrowers should also check the lender named in app disclosures and loan agreements. A directory listing is a regulated-entity disclosure, not RBI approval or endorsement. Unmatched apps should be assessed through verification steps and reported through official channels where appropriate.
September 2, 2026
Show AI Summary
Rupee depreciation in early trade reflected oil-price pressures, risk aversion, higher Treasury yields and broad dollar strength.
Early foreign-exchange trading saw the rupee weaken against the US dollar amid renewed US-Iran tensions, risk aversion, higher Brent crude prices, and a stronger dollar. Safe-haven demand, inflation concerns linked to potential oil-supply disruption, expectations of a September Federal Reserve rate increase, and higher US Treasury yields supported the broad dollar rally. RBI monitoring of the rupee's decline was noted.
September 2, 2026
Show AI Summary
Responsible AI governance requires ethical safeguards, privacy protection, accountability and adaptive oversight to build lasting corporate stakeholder trust.
Responsible artificial intelligence governance requires continuous innovation, inclusive development, responsible deployment and trust-based governance. AI systems should be ethical, safe, transparent, fair and human-centric, with safeguards for privacy, bias, security and accountability. Proportionate and adaptive regulation should provide clear accountability, standards, monitoring, auditability and grievance redressal. Good governance, cybersecurity, personal data protection and responsible AI together strengthen organisational resilience, stakeholder trust, transparency and sustainable innovation.
September 2, 2026
Show AI Summary
E-auction of surplus public land enables transparent outright sale of RINL parcels through registered, KYC-verified bidding.
National Land Monetization Corporation will facilitate the e-auction and outright sale of 459 encumbrance-free RINL land parcels, including residential plots and parcels suited for commercial and logistics use. Competitive bidding will occur through the RailTel E-Nivida e-procurement platform. Participation requires online registration, KYC verification, and plot-wise submission of an earnest money deposit within prescribed timelines. The process supports transparent monetisation of surplus land and non-core public assets.
September 2, 2026
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Competition approval for infrastructure finance restructuring covers acquisition, minority transfer, investment divestment, and merger of regulated NBFCs.
Competition Commission of India approval applies to the acquisition of Aseem Infrastructure Finance Limited by TPG Nicobar SG Pte. Ltd., a subsequent minority share acquisition by ICICI Bank Limited, and Aseem's divestment of its shareholding in NIIF Infrastructure Finance Limited to National Investment and Infrastructure Fund II. Following the acquisition, Climate Finance India Private Limited is intended to merge into Aseem as the surviving entity. The entities involved include RBI-registered non-deposit taking NBFCs operating in infrastructure finance, investment and credit, and infrastructure debt financing.
September 2, 2026
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Healthcare merger approval enables KCIL to acquire fertility and specialty hospital businesses alongside related equity issuances and investment.
Competition Commission approval covers KCIL's acquisition of up to 100% equity shareholding in AFCPL and 100% equity shareholding in ASHPL. The combination includes KCIL issuing equity shares and optionally convertible debentures to AHLL, representing 9.9% fully diluted shareholding as partial consideration, together with a further KCIL equity investment by Arvon Investments Pte. Ltd. KCIL operates mother and baby care hospitals, while AFCPL provides assisted reproductive treatment and reproductive-medicine services.
September 1, 2026
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Money-laundering investigation into alleged District Mineral Fund diversion examines purported liaison activity and asset acquisition through proceeds of crime.
Money-laundering proceedings under the Prevention of Money Laundering Act concern alleged diversion of District Mineral Fund resources through the Chhattisgarh Seed Corporation. The investigation alleges siphoning of public funds by contractors in collusion with government officials and political executives. A businessman was identified as an alleged liaisoner and financial coordinator between public servants, district authorities and private vendors. Allegations also include receipt of commissions, acquisition of immovable assets from purported proceeds of crime, non-production of records, and contradictory statements during questioning.
September 1, 2026
Show AI Summary
Foreign exchange market dynamics: rupee appreciation reflected portfolio inflows, domestic growth, and possible central-bank intervention amid external pressures.
The rupee appreciated against the US dollar, supported by domestic growth, controlled fiscal slippage, portfolio-related inflows and possible Reserve Bank of India intervention. Its gains were limited by weak equity markets, rising crude oil prices and a stronger dollar. External geopolitical tensions and hawkish US monetary signals remained potential pressures. Domestic indicators showed strong economic activity, while the current account deficit widened because of a higher merchandise trade deficit. Foreign portfolio inflows continued despite investors remaining net sellers during the year.
September 1, 2026
Show AI Summary
Current account deficit widened as merchandise trade deficit increased, notwithstanding stronger services receipts, remittances, and foreign direct investment inflows.
India's current account deficit widened in the first quarter of 2026-27 as the merchandise trade deficit increased. Higher net services receipts, increased personal transfer receipts and lower net primary-income outgo partly supported the external account. Financial-account movements included higher net foreign direct investment inflows, a shift in foreign portfolio investment from net inflow to net outflow, and lower net inflows through non-resident deposits and external commercial borrowings. Foreign exchange reserves declined on a balance-of-payments basis during the quarter.
September 1, 2026
Show AI Summary
Technology-enabled tax compliance and enforcement supported higher commercial tax collections, while GST rate reductions moderated sectoral net GST growth.
Technology-enabled tax administration supported commercial tax and net GST collection growth in Andhra Pradesh during August 2026 and the cumulative period through August. AI-based analytics and scrutiny, IGST reversals, UPI-based enforcement, registration verification, Aadhaar authentication, digital payment enablement, predictive analytics and data sharing strengthened compliance, scrutiny and revenue mobilisation. Petroleum VAT, professional tax, liquor VAT and IGST settlement also increased, while GST rate reductions moderated net GST performance in specified product sectors.
September 1, 2026
Show AI Summary
Windfall gains tax on petroleum exports rises for petrol and diesel while aviation turbine fuel levy is reduced.
Special additional excise duty and road and infrastructure cess on petroleum-product exports are revised with effect from 1 September 2026. The export duty on diesel is increased, the levy on aviation turbine fuel is marginally reduced, and a duty is imposed on petrol exports. Existing duty rates for petrol and diesel cleared for domestic consumption remain unchanged. The windfall-tax framework seeks to support domestic fuel availability and deter exporters from benefiting from domestic and international price differences.
September 1, 2026
Show AI Summary
Automated Free Sale and Commerce Certificate issuance reduces manual scrutiny while preserving risk-based review for eligible exporters.
DGFT has enabled automated issuance of Free Sale and Commerce Certificates through its portal for eligible exporters of items not covered by the Drugs & Cosmetics Act, 1940. Applications satisfying prevailing framework and automated processing parameters may be issued without manual scrutiny. Applications requiring verification or not meeting those parameters may be routed for manual processing, while auto-approved applications may be flagged later for risk-based review. The mechanism seeks faster, more transparent and predictable processing while retaining necessary oversight.
September 1, 2026
Show AI Summary
Five-day banking and equitable performance incentives drive planned nationwide bank union strike amid unresolved pension demands.
United Forum of Bank Unions has proposed nationwide strike action over delayed five-day banking, the performance-linked incentive framework, and unresolved pension demands. Five-day banking was agreed under the 12th Bipartite Settlement/9th Joint Note with extended Monday-to-Friday working hours, but remains pending for implementation. Unions challenge the incentive scheme for departing from a uniform, bank-performance-linked approach and for disproportionately benefiting senior officers. The dispute is under conciliation and pending before the Delhi High Court, while pension updation, a uniform dearness allowance formula, and an old pension scheme option remain unresolved.
September 1, 2026
Show AI Summary
Equity market volatility intensified as higher crude prices, geopolitical tensions and tighter monetary expectations weakened domestic investor sentiment.
Indian equity markets closed marginally lower as higher crude oil prices, US-Iran tensions, and expectations of prolonged tight United States monetary policy weakened risk appetite. The phased Closing Auction Session contributed to a late recovery in the benchmark index. Rising crude prices and global bond yields triggered broad-based selling across several domestic sectors, while foreign institutional equity sales and weakness in overseas markets added to pressure despite stronger-than-expected domestic economic growth.
September 1, 2026
Show AI Summary
GST revenue collections show higher gross and net receipts alongside increased refunds and state-level settlement data.
GST revenue collections for August 2026 recorded total gross GST revenue of Rs. 1,99,853 crore, reflecting 14.8% growth over August 2025. Total refunds were Rs. 31,795 crore, including domestic refunds and export IGST refunds processed through ICEGATE. After adjustment of refunds, total net GST revenue was Rs. 1,68,057 crore, representing 8.3% growth. SGST collections and the SGST component of IGST settlement were separately identified for States and Union Territories, with post-settlement SGST aggregating Rs. 95,531 crore.
September 1, 2026
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Trade facilitation and customs preparedness feature in AILBIEA's Silver Jubilee knowledge conference on liquid bulk commerce.
AILBIEA's Silver Jubilee programme focuses on trade facilitation, customs modernisation, GST dispute preparedness and maritime-risk issues affecting liquid bulk trade. The Knowledge Conference includes sessions on the Authorised Economic Operator advantage, next-generation customs technology, GST Appellate Tribunal-era dispute preparedness, and geopolitical risks to sea-borne trade. It also marks the launch of AGS 360, integrating port information, vessel tracking, port-call estimates and maritime intelligence.

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February 1, 2026

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New Delhi, Feb 1 (PTI)Following are the top stories at 9.20 pm: TOP STORIES DEL232 2NDLD BUDGET (7.54 PM)

FY27 Budget: Capex, manufacturing, tax incentives take centre stage; markets wobble on STT hike New Delhi: Finance Minister Nirmala Sitharaman on Sunday announced measures to boost manufacturing, offered long-term tax incentives for global data centres, and support for agriculture and tourism as she unveiled a Rs 53.5 lakh crore Union Budget for 2026-27, seen as a long-term blueprint for sustaining growth amid rising global risks.

PAR132 LS-LD FINANCE COMMISSION (2.07 PM)

16th Fin Comm recommends states share in Central taxes at 41 pc for 5 years till 2031 New Delhi: The 16th Finance Commission, headed by former Vice-Chairman of the Niti Aayog Arvind Panagariya, has recommended retaining states' share in Central taxes at 41 per cent for the five-year period beginning April 1, 2026.

DEL257 BUD-2NDLD CAPEX (9.04 PM) Govt hikes capex target to Rs 12.2 lakh crore for FY27 New Delhi, Feb 1 (PTI) Sustaining focus on public expenditure, Finance Minister Nirmala Sitharaman on Sunday raised the capex target to Rs 12.2 lakh crore for FY27 from the revised estimate of Rs 10.95 lakh crore for the ongoing financial year.

DEL226 BUD-DIVIDEND (7.38 PM)

Centre expects Rs 3.16 lakh cr dividend from RBI, banks in FY27 New Delhi: The Centre expects Rs 3.16 lakh crore in dividends and surpluses from the Reserve Bank of India, nationalised banks, and financial institutions in 2026-27, up about 3.75 per cent over the current fiscal.

PAR133 LS-BUDGET-SIDELIGHTS (3.49 PM)

Sitharaman skips poetry, keeps focus on investments, growth in 85-min Budget speech New Delhi: Draped in a purple Kanjivaram saree with golden checks and a coffee brown border featuring intricate thread work, Finance Minister Nirmala Sitharaman honoured the weaving traditions of her poll-bound home state of Tamil Nadu as she presented a record ninth consecutive Union Budget in the Lok Sabha on Sunday.

DEL258 PB-MODI-LD BUDGET (9.08 PM)

Budget focuses on making cities centres of development; EU trade deal to benefit Punjab: Modi Jalandhar: Prime Minister Narendra Modi on Sunday said the Union Budget 2026-27 laid huge focus on transforming Jalandhar, Ludhiana and many other cities of the country into big centres of development.

DEL231 POLL BOUND STATES-BUD-REAX (7.52 PM)

Leaders from poll-bound Kerala, West Bengal, Tamil Nadu slam Union Budget, Assam CM welcomes it New Delhi: Leaders of the ruling parties in election-bound Kerala, Tamil Nadu and West Bengal slammed the Union Budget on Sunday for "overlooking" their states, even as Himanta Biswa Sarma, the chief minister of Assam, where polls are also due this year, welcomed it.

DEL217 BUD- DEF 3RDLD-ALLOCATION (7.13 PM)

Lessons from Sindoor: India allocates Rs 7.85 lakh cr for defence; capital outlay up by nearly 22 per cent New Delhi: India on Sunday set aside Rs 7,84,678 crore as defence outlay for 2026-27 in a steep hike of 15 per cent over last year's allocation of Rs 6.81 lakh crore amid the military's renewed push to procure new weapon systems in the face of security challenges from China and Pakistan.

DEL252 BUD-MEA-LD-ALLOCATION (8.40 PM)

India zeroes out Chabahar port outlay, slashes Bangladesh aid in 2026-27 budget New Delhi: India has not allocated funds for the Chabahar port project in Iran in the Union Budget for 2026-27 and has halved the development assistance for Bangladesh to Rs 60 crore in reflection of frosty bilateral ties.

DEL260 BUD-LD OPPN REAX (9.17 PM)

Hollow and directionless Budget ignored people's hardships: Opposition New Delhi: Opposition parties on Sunday described the Union Budget as "hollow" and "directionless", claiming it failed to address key political and economic challenges in the country while expenditure had been slashed in several sectors affecting the common man.

NATION DEL221 BUD-2LD-AGRI (7.26 PM)

Budget 2026:FM launches AI tool for farmers, hikes agri & allied sector spend 7pc New Delhi: Finance Minister Nirmala Sitharaman on Sunday unveiled a comprehensive package for the livestock, fisheries and high-value agriculture sectors in Budget 2026-27, with a total allocation of Rs 1,62,671 crore for agriculture and allied activities - a 7.12 per cent increase from the revised estimate of Rs 1,51,853 crore for 2025-26.

DEL239 BUD-VAISHNAW (8.10 PM)

Investment in data centres may cross USD 200 bn, nuclear energy important to power it: Vaishnaw New Delhi: The government expects investment in data centres to cross USD 200 billion, about Rs 18.33 lakh crore, and nuclear energy will be an important component in the ecosystem to power it, Union Electronics and IT Minister Ashwini Vaishnaw said on Sunday.

DEL224 BUD-2NDLD HOME (7.32 PM)

MHA gets Rs 2.55 lakh crore in Budget; IB sees massive hike of 68 per cent in allocation New Delhi: The Union Budget 2026-27 on Sunday allocated over Rs 2.55 lakh crore to the Ministry of Home Affairs, reflecting an increase of around 9.44 per cent from the budget estimates of over Rs 2.33 lakh crore provided to it in 2025-26.

DEL181 BUD-LD EDUCATION (5.41 PM)

Education: 5 varsity townships, girls hostel in each district among major announcements in Budget New Delhi: Five university townships in the vicinity of major industrial and logistic corridors, girls hostel in every district, setting up of content creator labs in 15,000 schools and 500 colleges and reduction of the tax collection at source (TCS) rate to 2 per cent for education are among the proposals announced in the Union Budget for the education sector.

MDS71 BUD-SOUTH-POLL BOUND STATES (7.55 PM)

Union Budget: Poll-bound TN, Kerala express disappointment Chennai/Thiruvananthapuram: The ruling dispensations of Tamil Nadu and Kerala, two key poll-bound southern states on Sunday expressed strong dissatisfaction over the budgetary announcements made by Union Finance Minister Nirmala Sitharaman, with Chief Minister M K Stalin wondering why his state TN was not given something even in the election year, while his Kerala counterpart accused the Centre of neglecting the state.

DEL190 CONG-EPSTEIN-PM (6.00 PM)

Congress demands PM Modi to come clean on 'disclosures' on him made in Epstein files New Delhi: The Congress on Sunday demanded answers from Narendra Modi following “disclosures” in the Epstein files in the US that some “monsters” had access to him, and said the prime minister should come clean on the issue.

BOM24 MH-NCP MERGER-LD TATKARE (8.09 PM)

Amid merger speculation after Ajit Pawar's death, Tatkare says NCP will continue to be in NDA Mumbai: NCP Maharashtra president and Lok Sabha MP Sunil Tatkare on Sunday said his party will continue to be a part of the BJP-led NDA, asserting that the organisation will move forward on the ideology and path laid down by the late Ajit Pawar.

CAL50 AS-HIMANTA-MIYA (6.31 PM)

‘Miyas’ will face trouble till I remain CM: Himanta Goalpara (Assam): Assam Chief Minister Himanta Biswa Sarma on Sunday said "Miyas" will face "trouble" as long as he remains in power, asserting that they should face persistent problems so that they leave the state.

LEGAL LGD5 SC-WANGCHUK (2.50 PM)

SC to hear plea challenging Sonam Wangchuk's detention New Delhi: The Supreme Court is slated to hear on Monday a plea filed by Gitanjali J Angmo, the wife of jailed climate activist Sonam Wangchuk, against his detention under the National Security Act.

LGD7 GREEN-YAMUNA-DECLINING FISH (5.03 PM)

NGT asks Delhi govt, others to implement recommendation to preserve native fish species in Yamuna New Delhi: The National Green Tribunal has directed the Delhi government and other states to expeditiously implement the Central Inland Fisheries Research Centre's recommendations for the preservation of native fish species in the Yamuna river.

BUSINESS DEL241 BIZ-2NDLD-STOCKS (8.14 PM)

STT hike on Futures dampen stock market sentiment; Sensex, Nifty crash nearly 2 pc Mumbai: Benchmark stock indices Sensex and Nifty dived sharply by nearly 2 per cent on Sunday, logging their worst decline in years on a Budget day, after Finance Minister Nirmala Sitharaman proposed a hike in the Securities Transaction Tax (STT) on derivatives.

DEL237 BIZ-BUD-LD BUYBACK (8.10 PM)

Proposed share buyback framework aims to benefit small shareholders, not promoters New Delhi: To protect minority shareholders and curb tax arbitrage by promoters, Finance Minister Nirmala Sitharaman on Sunday announced a major overhaul of the taxation framework governing share buybacks.

DEL236 BIZ-BUD-INCOME TAX (8.09 PM)

TCS cut, amnesty scheme for foreign black money among taxpayer-friendly steps in Budget New Delhi: Unveiling taxpayer-friendly measures, Finance Minister Nirmala Sitharaman on Sunday reduced TCS rates on overseas medical and education expenses, and tour packages, besides allowing an extra 3 months time to file revised Income Tax returns.

FOREIGN FGN13 TRUMP-VENEZUELA-INDIA-OIL (10.58 PM)

India to buy Venezuelan oil instead of Iranian crude, claims Trump New York: US President Donald Trump has claimed that India will be purchasing oil from Venezuela instead of Iran. By Yoshita Singh

FGN27 CHINA-XI-YUAN (3.17 PM)

Xi calls for building 'strong' yuan to boost global role, challenge dollar dominance Beijing: Chinese President Xi Jinping has pitched for building a "strong currency" to expand the global use of the yuan and elevate it to the status of an international reserve, a move seen as a call to challenge the US dollar.

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